ALT / TetherUSLong
ALT - Ready for breakout?
Hi, this is my new analysis for ALT. After breaking both the resistance 0.10 - 0.1030 and 50SMA/100SMA, in the last few days we have tested to see if these levels will act as support or not.
Fortunately it has been good support for ALT. At the same time we have a big descending trend line that has been tested 4 times.
I expect after breaking the trend line we are going to takeoff. The next resistance is around 0.1680 - 0.1750 and after a good ABC correction we are going much higher to next level 0.36. It is going to be up 200% from current levels.
On the daily timeframe we are getting bullish momentum on MACD and as you see we are in a good uptrend on RSI.
It is very important to hold the support levels around 0.10 - 0.1030, but if break those levels we are going much lower to 0.080.
Fortunately it has been good support for ALT. At the same time we have a big descending trend line that has been tested 4 times.
I expect after breaking the trend line we are going to takeoff. The next resistance is around 0.1680 - 0.1750 and after a good ABC correction we are going much higher to next level 0.36. It is going to be up 200% from current levels.
On the daily timeframe we are getting bullish momentum on MACD and as you see we are in a good uptrend on RSI.
It is very important to hold the support levels around 0.10 - 0.1030, but if break those levels we are going much lower to 0.080.
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